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Today, FADERHEAD posted following news on his mySpace Blog:

Hi everyone,

today I received the signed contracts that state that my record deal with Accession Records has been terminated. This has happened as a result of my own request and I have to say that Accession has been nothing but helpful by deciding not to step in my way as an artist in the future.

What the future brings? I don't know. FH3 will probably not get released. That's all I can say.

There are many reasons for this, most of them business related, some of them personal. The main reason being financial. If a newcomer band who scores an international club hit (Dirtygirrrls/Dirtybois hast been getting HEAVY play all over the world from the US to Russia) and puts out 2 albums that receive nothing but critical acclaim - if that band (or in this case one individual) still loses about 10k Euros on both of those releases, something is definitely not right. And I am not even including the money Accession put up for pressing, ads, etc.

I totally agree with anyone that music should always be a matter of the heart, but at some point it just doesn't become feasible to lose money every year and it becomes frustrating to see that most (95%) of your "fans" think so little of you music that they have it at home, listen to it regularly, write you how much they like it and don't even bother to buy it.

Sincere thanks go out to everyone of you who supported me and my live musicians Christine LaGivrée, Dr. T, Chandler XL and the one and only Alex Montana at all the gigs, via email or myspace. You were the reason that we did it all in the first place!

Hope to see you all at a gig or party in the future

Sami/FH


Source: mySpace Blog
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